Stock Market & Financial Investment News

Appliance companies big winners in a Sears decline, says Janney CapitalAs Sears' business trends continue to deteriorate, Janney Capital said the company has limited flexibility to find a viable route for a turnaround. The firm believes the biggest winners of a Sears demise will be the appliance category, where Sears has 25+ market share, include Best Buy (BBY), h.h. gregg (HGG), Home Depot (HD) and Lowe's (LOW).

Wal-Mart's Apple Pay competitor launching soon, Bloomberg saysCurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link